20250424 SEDC Board Reg MtgSCIH[ILIRZ FZ
ECONOMIC DEVELOPMENT CORPORATION
MINUTES
Thursday, April 24, 2025
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly
Meeting on Thursday, April 24, 2025, at 6:00 p.m. at the Hal Baldwin Municipal Complex, Council Chambers
Conference Room, Building No. 4, 1400 Schertz Parkway, Schertz, Texas. This was an open meeting, subject to
the open meeting laws of the State of Texas.
In accordance with provisions of the Texas Open Meetings Act, Chapter 551, Texas Government Code notice is
hereby given that a Possible Quorum of the governing body of the City of Schertz, Texas may take place at this
meeting.
Call to Order
1.
2.
Roll call, recognition of visitors, and review of meeting instructions for effective Board interaction and
public participation.
Board President Sammi Morrill presided over the meeting and called it to order at 6:00 p.m.
Board of Directors Present:
Sammi Morrill, Board President
Staff Present:
Scott Wayman, Executive Director
William "Bill" Dixon, Board Vice President Amy Madison, Deputy Director
Mark Moody, Board Member Ashley Ritchey, Business Engagement Manager
Reynaldo "Ray" Chavez, Board Member
Bryan Jones, Board Member
Board of Directors Absent:
Eryn McElroy, Board Secretary
Tracy Miller, Administrative Assistant
Others Present:
Tim Brown, Councilmember Liaison
Election of Schertz Economic Development Corporation Board Treasurer. (S.Morrill)
Board President Sammi Morrill asked for a nomination to elect a new Board Treasurer.
Board Member Mark Moody nominated himself for Board Treasurer.
Moved by Board Member Ray Chavez, seconded by Board Member Bryan Jones.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Member Mark
Moody, Board Member Ray Chavez, Board Member Bryan Jones.
Unanimous affirmative vote - Motion carries.
Hearing of Residents
3. This time is set aside for any person who wishes to address the Board. Presentations should be limited to
no more than 3 minutes. The presiding officer will call on those persons who have signed up to speak.
No resident signed up to speak. No comments were made.
Minutes
4. Approval of the minutes for the Board of Directors Regular Monthly Meeting held Thursday, March 27,
2025. (T.Miller)
Board President Sammi Morrill asked for a motion to approve the Minutes of the Board of Directors
Regular Monthly Meeting held Thursday, March 27, 2025.
Moved by Board Vice President Bill Dixon, seconded by Board Treasurer Mark Moody.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Member Mark
Moody, Board Member Ray Chavez, Board Member Bryan Jones.
Unanimous affirmative vote - Motion carries.
Presentations
5. Staff briefing on SEDC monthly financial statement for the month of March 2025. (S.Wayman)
Scott Wayman, Executive Director gave a brief overview of the SEDC Financial Statement for March
2025.
March 2025 sales tax received was $538,799.34, expenses were $2,697,317.83, an 11.7% increase over
the prior year. The 12 -month rolling average is 6.0% still trending up. Notable expenditures include
incentive payments to Schertz312 LLC, Caterpillar Inc, Ace Mart Restaurant and a payment to The Retail
Coach, LLC for Retail Market and Analysis. Total Cash and Investments figure at the end of March was
$35,740,346.30.
Scott Wayman, Executive Director gave a brief overview of the Reserve Funding Model.
6. Staff briefing on Annual Report of Schertz Economic Development Corporation Year 2024. (S.Wayman)
Ashley Ritchey, Business Engagement Manager gave a brief overview of the Schertz Economic
Development Corporation Annual Report for year 2024 and stated it is located on the SEDC website.
Board President Sammi Morrill recessed Open Session to Closed Session at 6:20 p.m.
Closed Session
7. Called in accordance with Section 551.087 of the Texas Government Code, Deliberation Regarding
Economic Development Negotiations; Closed Meeting. The governmental body is not required to conduct
an open meeting (1) to discuss or deliberate regarding commercial or financial information that the
governmental body has received from a business prospect that the governmental body seeks to have
locate, stay, or expand in or near the territory of the governmental body and with which the governmental
body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or
other incentive to a business prospect.
. Project E -105
Start time: 6:20 p.m.
End time: 6:57 p.m.
Board President Sammi Morrill reconvened to Open Session at 6:58 p.m.
Reconvene to Regular Session
8. Take any actions based on discussion held in closed session under Agenda Item No. 7.
No action was taken based on discussion in Closed Session.
Requests and Announcements
• Announcements by staff:
• Soccer Field Lights Ribbon Cutting - May 12, 2025
. 6:00 p.m.
• Next Regular Board Meeting -'May 22, 2025
• Requests by Board Members to place items on a future SEDC Board Meeting agenda.
Adjournment
Board President Sammi Morrill asked for a motion to adjourn the meeting.
Moved by Board Member Ray Chavez.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Member Mark
Moody, Board Member Ray Chavez, Board Member Bryan Jones.
Unanimous affirmative vote - Motion carries.
Board President Sammi Morrill adjourned the meeting at 6:59 p.m.
MINUTES PASSED AND APPROVED THIS ZZ- DAY 2025.
(7
Sammi Morrill
Board President
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E - n McElroy
Board Secretary